Toncoin Surges as Durov Departs France

Toncoin (TON), the cryptocurrency native to The Open Network, experienced a notable surge in open interest and price after Telegram founder Pavel Durov was permitted to leave France for Dubai following legal issues. On March 15, 2025, TON's open interest rose 67% to $169 million, with a 17% price increase to $3.45, amidst speculation about long-term growth and market volatility. Analysts suggest TON may enter a phase of long-term accumulation, with key support levels identified for potential bullish reversals. Durov's departure from France comes amid increased scrutiny on Telegram concerning its role in facilitating illicit activities and regulatory implications for privacy-focused platforms. Telegram has shown increased cooperation with authorities, fulfilling numerous data requests, reflecting its complex position within the crypto landscape. The ongoing legal situation highlights broader discussions on online security versus freedom of expression.